Why form a start-up bank and how to do it?
Why would someone want to start a De Novo bank? If you wanted to, how would you go about it? What is the process? This episode tries to answer these questions. First, if you want to start a De Novo bank focus on the “why.” What is a compelling customer problem and how will you solve it? What is your niche? Why would a customer switch to your bank? A good example is Bird-in-Hand Bank in Lancaster, PA. This bank was built to specifically serve the Amish community. Another consideration is local community relationship banking versus national product-centric fintech platform. Let the “why” drive…
The skinny
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